NMI Holdings Inc (NASDAQ:NMIH) has been given an average rating of “Buy” by the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.36.
NMIH has been the topic of a number of analyst reports. ValuEngine lowered NMI from a “buy” rating to a “hold” rating in a report on Monday, December 4th. BidaskClub lowered NMI from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. Deutsche Bank set a $16.00 price objective on NMI and gave the company a “buy” rating in a report on Wednesday, October 25th. BTIG Research reaffirmed a “buy” rating and issued a $21.00 price objective (up previously from $17.00) on shares of NMI in a report on Wednesday, December 20th. Finally, Singular Research assumed coverage on shares of NMI in a research report on Monday, October 16th. They set a “buy” rating and a $16.00 price target for the company.
In other news, VP Julie Norberg sold 16,600 shares of NMI stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total transaction of $277,718.00. Following the completion of the sale, the vice president now directly owns 32,305 shares in the company, valued at approximately $540,462.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $16.99, for a total transaction of $169,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,600 shares of company stock valued at $714,618. Insiders own 5.40% of the company’s stock.
Shares of NMI (NASDAQ:NMIH) opened at $19.60 on Friday. NMI has a twelve month low of $10.10 and a twelve month high of $19.65. The firm has a market capitalization of $1,190.00, a P/E ratio of 13.80 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24.
NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. NMI had a return on equity of 6.95% and a net margin of 51.80%. The company had revenue of $48.95 million for the quarter, compared to analyst estimates of $45.79 million. During the same quarter in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. equities research analysts forecast that NMI will post 0.55 earnings per share for the current fiscal year.
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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